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America Private Healthcare System Returns on Health Investment Worsening

No.1138717 View ViewReplyOriginalReport
Conservatives still resist the nationalization of the health care industry even with its inferior system.

https://www.axios.com/2023/01/31/worsening-return-health-investment

The U.S. continues to far outspend other developed nations while seeing worsening health outcomes.

Driving the news: A report from the Commonwealth Fund today shows poorer U.S. health outcomes — such as Americans being more likely to suffer from multiple chronic illnesses, die from avoidable causes including maternal mortality and assault, and having a shorter life expectancy — all while America pays the most per capita for those outcomes.

"The problem is getting worse," Munira Gunja, senior researcher at the Commonwealth Fund's International Health Policy Program.

>"In these sorts of studies where we make cross-national comparisons, we can see we are still behind our peer countries and need to start implementing methods they've developed into our own system," she said.

By the numbers: The U.S. spends nearly $12,000 on health care per capita, including more than $1,200 in household out-of-pocket spending a year, according to a Commonwealth Fund study released today.

>That's more than $4,500 than its nearest peer, Germany, which spends about $7,4000 on health care per person in a year. It's also more than three times what South Korea, New Zealand and Japan spend, respectively.
>In 2021, the U.S. spent nearly 18 % of its gross domestic product on health care, nearly twice as much as the average country in the Organization for Economic Cooperation and Development, or OECD.